Metromont LLC 401(k) Review & Grade
The Retirement Plan for Associates of Metromont LLC
Greenville, SCManufacturing918 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,820Employer $ per active participant
$5,424Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$82.2MNet plan assets, end of year
$74,523Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 63th |
| Employee saving | 58th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Metromont put in about $2,820 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,589,093 |
| Participant (employee) contributions | $4,979,041 |
| Other contributions (incl. rollovers in) | $1,413,369 |
| Administrative expenses paid from the plan | $114,465 |
| Investment advisory & management fees | $26,337 |
| Benefits paid out | $5,994,659 |
| Net assets, start / end of year | $70.0M / $82.2M |
| Active participants, start / end of year | 921 / 915 |
| Participants with account balances | 1,103 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $88,128 reported compensation |
| Empower Advisory Group, LLC | $26,337 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251107102335NAL0000743761001, received 2025-11-07, EIN 58-2322112, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.